U.S. Equity Futures Slightly Lower After Major Averages End Three-Day Losing Streak
U.S. equity futures were slightly lower in the evening after major stock averages ended a three-day losing streak driven by rising Treasury yields and renewed tensions between the U.S. and Iran. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted gains on Wednesday, with the Dow gaining nearly 300 points or about 0.6%. Meanwhile, both the two-year and ten-year Treasury yields reached multi-month highs but ended below their intraday peaks. New York Federal Reserve President John Williams attributed rising bond yields to strong economic growth fueled by investments in AI and technology rather than tightening financial conditions. Investors remain cautious amid geopolitical tensions and concerns about inflation. Oil prices rose modestly, with West Texas Intermediate futures closing just above $91 a barrel.
